Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Financial Performance Summary - Total Revenue for FY'25 reached $18831 million, a 16% increase year-over-year[2] - The company projects total revenue for FY'26 to be between $20997 million and $21186 million, representing a 12%-13% year-over-year growth[2] - Non-GAAP Diluted EPS for FY'25 was $2015, and the guidance for FY'26 is $2298-$2318[2] - GAAP Operating Income for FY'25 was $4923 million, compared to $3630 million in FY'24[2] Segment Performance - Global Business Solutions revenue for FY'25 was $11077 million, a 16% increase year-over-year[2] - TurboTax revenue for FY'25 was $4933 million, a 9% increase year-over-year[2] - Credit Karma revenue for FY'25 was $2200 million, a 34% increase year-over-year[2] - Consumer segment revenue for FY'25 reached $7754 million, a 15% increase year-over-year[2] Platform Revenue - Combined Platform Revenue increased from $12520 million in FY'24 to $14902 million in FY'25[3]

More businesses are signing onto Intuit's QuickBooks platform in an effort to cut down on hours of administrative work by automating accounting, invoicing and payroll processes, CFO Sandeep Aujla said... ...

BREAKING: Stocks Bounce But Tumble For Week Financial software firm Intuit (INTU) late Thursday handily beat estimates for its fiscal first quarter but offered a motley outlook for the current period. Intuit stock rose in extended trading. The Mountain View, Calif.-based company earned an adjusted $3.34 a share on sales of $3.89 billion in the quarter ended Oct. 31. Analysts polled by FactSet had expected earnings of… Related news Get market updates, educational videos, webinars, and stock analysis. Get Sta ...

Financial Performance - Net income for the three months ended October 31, 2025, was $446 million, a significant increase from $197 million in the same period of 2024, representing a growth of 126.4%[12] - Comprehensive income for the three months ended October 31, 2025, was $445 million, compared to $197 million in the same period of 2024, indicating a growth of 125.9%[12] - Basic net income per share rose to $1.60 for the three months ended October 31, 2025, compared to $0.70 for the same period in 2024, representing a 128.6% increase[33] - Diluted net income per share for the three months ended October 31, 2025, was $1.59, compared to $0.70 in the same period of 2024, marking a 127% increase[33] - Total net revenue for the three months ended October 31, 2025, was $3,885 million, a 18.3% increase from $3,283 million in the same period of 2024[143] - Global Business Solutions segment revenue reached $2,991 million, up 17.6% from $2,544 million year-over-year[143] - Consumer segment revenue increased to $894 million, a 21% rise compared to $739 million in the prior year[143] - Operating income for the total segments was $2,918 million, reflecting a 20.1% increase from $2,430 million in the previous year[143] Cash Flow and Liquidity - Total cash provided by operating activities increased to $637 million, compared to $362 million for the same period in 2024, marking a 76% increase[17] - Cash and cash equivalents increased to $3,506 million from $2,884 million, marking a rise of 21.5%[14] - Cash and cash equivalents at the end of the period were $6,943 million, down from $8,034 million a year earlier, reflecting a decrease of 13.6%[18] - The total cash, cash equivalents, restricted cash, and restricted cash equivalents were valued at $6,943 million as of October 31, 2025[58] - Total cash and cash equivalents, investments, and funds receivable amounted to $7,612 million as of October 31, 2025, compared to $11,627 million on July 31, 2025[57] Assets and Liabilities - Total current assets decreased to $10,421 million as of October 31, 2025, down from $14,107 million at July 31, 2025, reflecting a decline of 26.1%[14] - Total liabilities decreased to $13,869 million as of October 31, 2025, compared to $17,248 million at July 31, 2025, a reduction of 19.3%[14] - The company reported a total stockholders' equity of $19,322 million as of October 31, 2025, down from $19,710 million at July 31, 2025, a decrease of 2.0%[14] - Total assets decreased from $36,958 million on July 31, 2025, to $33,191 million on October 31, 2025, representing a decline of approximately 10.5%[14] - Total current liabilities decreased from $10,370 million on July 31, 2025, to $7,519 million on October 31, 2025, a reduction of approximately 27.5%[14] Investments and Future Plans - The company plans to continue investing significantly in product development, marketing, and sales capabilities, including artificial intelligence[9] - The company expects total service revenue as a percentage of total revenue to grow over the long term[9] - The company anticipates generating significant cash from operations in the future[9] Shareholder Returns - The company declared dividends of $1.20 per share, totaling $343 million for the quarter[15] - During the three months ended October 31, 2025, the company repurchased 1.2 million shares for $851 million[115] - Share-based compensation expense for the three months ended October 31, 2025, totaled $543 million, up from $511 million in the same period of 2024[121] Revenue Recognition - The company recognized revenue of $590 million from deferred revenue during the three months ended October 31, 2025, compared to $524 million in the same period of 2024, indicating a growth of 12.6%[34] - As of October 31, 2025, the deferred revenue balance related to performance obligations to be satisfied after 12 months was $3 million, down from $4 million as of July 31, 2025[35] Debt and Financing - The company reported a net cash used in financing activities of $(4,372) million, a significant change from $761 million provided in the same period last year[17] - As of October 31, 2025, the total principal balance of debt was $6.18 billion, an increase from $6.01 billion as of July 31, 2025[86] - The net carrying value of debt was $6.14 billion as of October 31, 2025, compared to $5.97 billion on July 31, 2025[86] - The company was compliant with all covenants governing its debt facilities as of October 31, 2025[90][93][96] Accounting and Compliance - The company is evaluating the impact of new accounting standards on its consolidated financial statements, effective for fiscal years beginning after December 15, 2025[43] - The company is currently evaluating the impact of pending accounting standards on its consolidated financial statements and related disclosures[43] Segment Performance - Intuit combined its Consumer, Credit Karma, and ProTax businesses into a single Consumer segment effective August 1, 2025, to better serve customer needs[22] - The company reported a significant seasonal pattern in its Consumer segment, with higher net revenues typically concentrated from November through April due to tax preparation services[24] - Unallocated corporate items, including share-based compensation, totaled $2,384 million, compared to $2,159 million in the previous year[143]

Intuit forecast second-quarter revenue growth above Wall Street estimates on Thursday, a sign of growing demand for its artificial intelligence-powered financial management tools. ...

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Revenue Performance - Total revenue for the first quarter reached $3.9 billion, an increase of 18% year-over-year[3] - Global Business Solutions revenue grew to $3.0 billion, up 18%, while Online Ecosystem revenue increased to $2.4 billion, up 21%[6] - Consumer revenue rose to $894 million, reflecting a 21% growth compared to the previous year[7] - Credit Karma revenue grew by 27% to $651 million, driven by strong performance in personal loans, credit cards, and auto insurance[10] - TurboTax revenue increased by 6% to $198 million, while ProTax revenue grew by 15% to $45 million[10] - The company expects full fiscal year 2026 revenue guidance of $20.997 billion to $21.186 billion, representing growth of approximately 12% to 13%[10] - The company expects revenue for the three months ending January 31, 2026, to be in the range of $4,519 million to $4,549 million[45] Income and Earnings - GAAP operating income increased to $534 million, a significant rise of 97%[3] - Non-GAAP diluted earnings per share reached $3.34, up 34% from the prior year[3] - GAAP net income for Fiscal 2026 Q1 was $446 million, while non-GAAP net income was $939 million[30] - GAAP diluted net income per share for Fiscal 2026 Q1 was $1.59, with non-GAAP diluted net income per share at $3.34[30] - Net income for the three months ended October 31, 2025, was $446 million, compared to $197 million for the same period in 2024, representing a 126% increase[41] - Projected operating income for the same period is estimated between $676 million and $691 million, with non-GAAP adjustments expected to bring it to $1,371 million to $1,386 million[45] - Diluted net income per share is forecasted to be between $1.76 and $1.81, with non-GAAP estimates ranging from $3.63 to $3.68[45] Cash Flow and Assets - Total cash provided by operating activities increased to $637 million, up from $362 million year-over-year, marking a 76% growth[41] - Net cash provided by investing activities was $1,198 million, a significant improvement from a net cash used of $188 million in the previous year[41] - Cash and cash equivalents increased from $2,884 million (July 31, 2025) to $3,506 million (October 31, 2025)[39] - Cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of the period totaled $6,943 million, down from $8,034 million a year earlier[42] - The company reported a net change in funds receivable and amounts due to customers of $(3,160) million, compared to $1,672 million in the previous year[41] Liabilities and Assets Management - Total current assets decreased from $14,107 million (July 31, 2025) to $10,421 million (October 31, 2025)[39] - Total liabilities decreased from $17,248 million (July 31, 2025) to $13,869 million (October 31, 2025)[39] - Total assets decreased from $36,958 million (July 31, 2025) to $33,191 million (October 31, 2025)[39] Shareholder Returns and Compensation - Intuit plans to repurchase $4.4 billion worth of shares, having already repurchased $851 million[10] - A quarterly dividend of $1.20 per share was approved, marking a 15% increase compared to the same period last year[10] - Share-based compensation expense for Fiscal 2026 Q1 was $543 million[30] - Share-based compensation expense for the three months ended October 31, 2025, was $543 million, an increase from $511 million in the same period last year[41] Strategic Outlook - The company plans to continue focusing on strategic acquisitions and market expansion to drive future growth[45] - The company recognized a net loss of $34 million on debt securities and other investments during the three months ended October 31, 2025[30] - Income tax effects and adjustments for Fiscal 2026 Q1 amounted to $(182) million[30]

Core Insights - Intuit Inc. is set to release its first-quarter earnings results, with analysts expecting earnings of $3.09 per share, an increase from $2.50 per share in the same period last year [1] - The consensus estimate for Intuit's quarterly revenue is projected at $3.76 billion, compared to $3.28 billion a year earlier [1] Company Outlook - On September 18, Intuit reaffirmed its outlook for the first quarter and full fiscal year 2026 during its Investor Day event [2] - Following this announcement, Intuit shares experienced a slight increase of 0.1%, closing at $650.62 [2] Analyst Ratings - Evercore ISI Group analyst Kirk Materne has an Outperform rating with a price target of $875 [5] - Morgan Stanley analyst Keith Weiss maintains an Overweight rating, reducing the price target from $900 to $880 [5] - Citigroup analyst Steven Enders has a Buy rating, lowering the price target from $815 to $803 [5] - B of A Securities analyst Brad Sills retains a Buy rating, cutting the price target from $875 to $800 [5] - JP Morgan analyst Mark Murphy maintains an Overweight rating, reducing the price target from $770 to $750 [5]

Market Overview - U.S. stocks experienced a positive session, with the Nasdaq Composite gaining over 100 points [1] - The Dow Jones closed higher by approximately 47 points at 46,138.77, while the S&P 500 rose 0.38% to 6,642.16 and the Nasdaq Composite increased by 0.59% to 22,564.23 [5] Federal Reserve Insights - The minutes from the Federal Open Market Committee (FOMC) meeting revealed a division among officials regarding the future path of interest rates, leading to uncertainty about a potential rate cut in December [2] Economic Data - U.S. exports of goods and services rose by $0.2 billion to $280.8 billion in August, while imports fell by 5.1% to $340.4 billion [3] - The U.S. trade deficit decreased to $59.6 billion in August from $78.2 billion in the previous month, which was better than market expectations of a $61 billion gap [3] Company Performance - Lowe's Companies Inc. (NYSE:LOW) shares increased by 4% after exceeding Wall Street profit expectations for the third quarter, although sales fell slightly short [4] - Target Corp. (NYSE:TGT) reported a profit that beat expectations but had disappointing sales and reduced its full-year earnings outlook [4] Sector Performance - Most sectors in the S&P 500 closed positively, with information technology, communication services, and materials stocks showing the largest gains [5] - Conversely, energy and utilities stocks did not follow the upward trend and closed lower [5] Upcoming Earnings - Investors are anticipating earnings results from Walmart Inc. (NYSE:WMT), Maximus Inc. (NYSE:MMS), and Intuit Inc. (NASDAQ:INTU) [6]